NuScale Power Shares Surge: Analyst Ratings and Earnings Revealed

Shares of NuScale Power Corporation (NYSE:SMR) experienced a significant increase in value before trading commenced on Monday. The stock opened at $17.95, up from its previous closing price of $16.31. As of the latest trading session, shares were priced at $18.89, with a trading volume of 25,162,137 shares.

Analyst Ratings and Market Performance

A variety of financial analysts have recently shared their assessments of NuScale Power. Citigroup maintained a “sell” rating, reducing its price target to $37.50 from $46.00 in a note issued on October 21. Similarly, Bank of America reiterated its “underperform” rating and lowered its target price to $34.00 from $38.00 in a report on September 30.

In contrast, UBS Group set a modest price target of $20.00 for the company. Weiss Ratings also downgraded its rating to “sell (d-)” on December 29. Meanwhile, Cantor Fitzgerald initiated coverage on NuScale Power with an “overweight” rating, giving it a price objective of $55.00. Overall, four analysts recommend buying the stock, eight suggest holding, and five advise selling, resulting in an average rating of “Reduce” and a target price of $35.18, according to MarketBeat.com.

Financial Performance and Earnings Report

NuScale Power disclosed its quarterly earnings on November 6, reporting a loss of ($1.85) earnings per share, which missed the consensus estimate of ($0.11) by ($1.74). The company generated revenues of $8.24 million, significantly lower than analyst projections of $11.29 million. The firm’s negative net margin stood at 594.63%, and it reported a negative return on equity of 51.27%. Despite these setbacks, the quarterly revenue showed an impressive year-over-year increase of 1635.2%. In the same quarter last year, the company had earnings of ($0.18) per share. Research analysts predict that NuScale Power will report an earnings per share of (-0.73) for the current fiscal year.

Insider trading activity also revealed that Robert Ramsey Hamady, the Chief Financial Officer, sold 40,000 shares on December 8 at an average price of $22.17, amounting to a total of $886,800. Following the sale, Hamady held 46,283 shares valued at approximately $1,026,094.11—a decrease of 46.36% in his ownership of the stock. Corporate insiders currently own 1.20% of the stock.

Institutional Investor Activity

Recent trading activity indicates that institutional investors are adjusting their stakes in NuScale Power. Private Wealth Partners LLC increased its stake by 39.4%, acquiring an additional 6,500 shares to hold a total of 23,000 shares valued at $910,000. Intech Investment Management LLC boosted its position by 72.3%, holding 91,362 shares worth $3,614,000 after purchasing an additional 38,347 shares.

Additionally, Truist Financial Corp expanded its stake by 23.3%, now owning 47,645 shares valued at $1,885,000. Geode Capital Management LLC also increased its position by 25.2%, holding 2,854,664 shares worth approximately $112,944,000. Collectively, institutional investors control 78.37% of NuScale Power’s stock.

NuScale Power Corporation, established in 2007 as a spinout from Oregon State University, is headquartered in Portland, Oregon. The company specializes in the development of small modular nuclear reactors, with its flagship product being the VOYGR small modular reactor design. This technology aims to provide zero-carbon baseload power and transform traditional nuclear energy deployment.